December S&P E-mini Futures: I am going to stick with my bullish prognosis as long as the market doesn't spend much time below the 1051 level. At 1051 the drop from the electronic high of 1069 before the employment number would equal the length of the two reaction we have seen on the way up from 1026. My range estimate for today is 1051-1065.
QQQ: Support is at 41.10. Next upside target is 45.00.
TYX (thirty year bond yield): I think this market has begun a move to 5.00%.
TNX (ten year note yield): I think that the market has begun a swing up to 4.30%.
Euro-US Dollar: I think a sustained drop to below 120 is about to start.
Dollar-Yen: I think the 87.13 low will hold and that the yen will soon begin a move to 105.00.
December Crude: I think that crude is headed down to 50.00. Resistance is now at 81.00.
GLD – December Gold: The market will probably keep going until it reaches 1120. Support is at 1030.
SLV - December Silver: Continuation up to 1900 is likely.
Google: Support is now at 490. Next step upward will carry to 610.